ISA Outlook 2025: Europe chapter

While dawn is universal, across Europe it can appear different
from each location and every angle. European real estate is
transiting inflection points following a deep capital market
correction. The INREV ODCE index shifted in the latest quarter
from declines to positive after seven down quarters.


Against this backdrop, we share our Impressions of a Rising
Cycle in Europe, with a focus on what makes the region different
from others across the globe. We also share our five key strategy
themes for investors in European real estate for the year ahead.





Contributors:


Dan Mahoney


Europe Head of Research and Strategy


Dominic Silman, PhD


Europe Head of Debt and Value-add Capital Research and Strategy


Petra Blazkova


Europe Head of Core and Core-plus Research and Strategy